@Alexis Guini You're an agent, I assume you're familiar with standard inspection and financing contingency clauses?

I purchase properties in Michigan and supply investors with those properties once they are performing to our standard.

But they also COULD show that the ratio starts decreasing (or increasing) with larger square footage.

Are you sending first class or standard mail?

Also - on condos or townhomes, an increase in the monthly HOA fees or a special assessment might wipe out your return.I caution you against counting on appreciation.  

It might get you further than taking the standard eviction process. 

Of course you'd be inheriting any unknown liabilities of the LLC, and you'd be assuming the llc's basis in the property and depending on the LLC original purchase price and depreciation taken, a much lower basis than your actual "purchase price", increasing your taxes when you sell.

The long-term tenants are in a 1-year lease that is actually $200 per month below current rental rates - the current owner has not kept up with the rental market, and has not properly raised rent as the demand has increased.

You will be looking at recognizing the increase now as opposed to later.

In most investing scenarios, even outside of real estate, as the risk increases, so should your return.